Quanex Building Products Co. Declares Quarterly Dividend of $0.08 (NYSE:NX)

Quanex Building Products Co. (NYSE:NX - Get Free Report) declared a quarterly dividend on Tuesday, September 3rd, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.08 per share by the construction company on Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, September 16th.Why These Nuclear Stocks Could Beat Solar and Wind Energy StocksQuanex Building Products has a payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quanex Building Products to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 10.9%. Quanex Building Products Stock PerformanceShares of NYSE:NX traded down $1.99 during trading on Tuesday, hitting $25.64. 435,409 shares of the company were exchanged, compared to its average volume of 302,954. The company has a market cap of $848.94 million, a PE ratio of 11.32, a P/E/G ratio of 0.85 and a beta of 1.27. Quanex Building Products has a 52-week low of $25.62 and a 52-week high of $39.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.22 and a quick ratio of 1.37. The stock has a 50 day moving average of $28.79 and a 200 day moving average of $32.21. Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Friday, June 7th. The construction company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The business had revenue of $266.20 million for the quarter, compared to the consensus estimate of $268.80 million. Quanex Building Products had a return on equity of 16.55% and a net margin of 7.33%. During the same quarter last year, the business posted $0.66 earnings per share. As a group, equities research analysts predict that Quanex Building Products will post 2.33 EPS for the current year. Analyst Ratings ChangesSeparately, StockNews.com downgraded Quanex Building Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 20th.Get Our Latest Stock Report on Quanex Building ProductsQuanex Building Products Company Profile (Get Free Report)Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.Recommended StoriesFive stocks we like better than Quanex Building ProductsHow to Invest in the FAANG Stocks3 Small Cap Stocks That Insiders Are BuyingThere Are Different Types of Stock To Invest InAnalysts Forecast Big Upside for Western Digital—Don’t Miss Out3 Natural Gas Stocks That Offer Great Dividend Yields3 Must-Own Stocks for Bullish Investors in Today's MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ FREE Daily Profits Live Open House (From Monument Traders Alliance) (Ad)Should you invest $1,000 in Quanex Building Products right now?Before you consider Quanex Building Products, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanex Building Products wasn't on the list.While Quanex Building Products currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here